(2) The Regulator must not issue one or more carbon units to
a person as the result of an auction unless the person has lodged a
deposit that relates to the total amount of charges payable for, or
imposed on, the issue of the units.

Note: For
rules about deposits, see section 113.

When balance of charge for a unit is
payable

(2A)
The balance of the charge for the issue of a carbon unit is payable
in the year corresponding to the vintage year of the carbon
unit.

(4A) A
deposit specified under paragraph (2)(n) must not be greater than
10% of the total amount of charges payable for, or imposed on, the
issue of carbon units to a person as the result of an auction.